Julie Margetta Morgan

698 posts

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Julie Margetta Morgan

Julie Margetta Morgan

@jmargetta

President @TCFdotorg. Former: @cfpb, @usedgov, VP of Research @rooseveltinst, policy for team @ewarren.

Katılım Haziran 2010
729 Takip Edilen2.8K Takipçiler
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Julie Margetta Morgan
Julie Margetta Morgan@jmargetta·
In just the week before Trump took power, CFPB: - ordered Equifax to pay $15M - ordered a major auto lender to return $10M to customers - ordered CashApp to refund $120M to customers - sued Capital One for cheating people out of interest payments This week it's closed.
Matt Egan@MattEganCNN

NEW: CFPB employees were just abruptly informed that the watchdog agency's DC headquarters will be closed this week. The email, obtained by @CNN, did not explain a reason for the sudden closure. This comes days after Elon Musk tweeted out: “CFPB RIP” with a tombstone emoji.

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The Century Foundation
The Century Foundation@TCFdotorg·
“You’re seeing people who have maxed out their credit cards, are using ‘buy now, pay later’ to purchase their groceries,” said @jmargetta. “They’re making it work for now, but that can fall apart quite quickly.” apnews.com/article/trump-…
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unusual_whales
unusual_whales@unusual_whales·
Roughly 111 million people — half of all Americans with a credit card and over 40% of adults — are unable to pay off their credit card bills each month, per MorePerfectUnion
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Angela Hanks
Angela Hanks@AngelaHanks·
"Cutting taxes doesn’t build a single pediatric practice or open a single new child care slot. And if essential services disappear, a modest tax cut cannot replace them." great piece from @KristenCrowell1
Rolling Stone@RollingStone

COMMENTARY: The Affordability Crisis Can’t Be Solved With Another Tax Cut Democrats don’t need to trade away revenue required for meaningful policy. They need to tax the rich. rollingstone.com/politics/polit…

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Julie Margetta Morgan
Julie Margetta Morgan@jmargetta·
The thing is, changing agencies doesn’t change the facts. People can’t pay their loans because Donald Trump is bleeding families dry with high prices. Until the Administration takes that seriously, student loan borrowers will continue to struggle.
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Julie Margetta Morgan
Julie Margetta Morgan@jmargetta·
ED has been bumbling its way through student loan policy all year, and they’re clearly feeling pressure on it — McMahon actually paused wage garnishment on defaulted loans earlier this year
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Julie Margetta Morgan
Julie Margetta Morgan@jmargetta·
The common wisdom is that this is part of a strategy to dismantle the Department of Education, but I think there’s a very good case that this is happening because Linda McMahon screwed up so badly that they had to take the loans away
Julie Margetta Morgan tweet media
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Elizabeth Warren
Elizabeth Warren@SenWarren·
Trump promised to cap credit card interest rates at 10%. He's failed to deliver. A report from @BorrowerJustice & @TCFdotorg shows the damage: a record number of Americans trapped in credit card debt as banks rake in record profits.
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Julie Margetta Morgan
Julie Margetta Morgan@jmargetta·
More than a hundred million Americans can't pay off their credit card balances, the war with Iran is jacking up families' monthly bills, and the head of the National Economic Council is saying consumers are "the last of our concerns right now."
Aaron Rupar@atrupar

Hassett: "If the war were to be extended, it wouldn't really disrupt the US economy very much at all. It would hurt consumers, and we'd have to think about what we'd have to do about that, but that's really the last of our concerns right now."

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Joe Weisenthal
Joe Weisenthal@TheStalwart·
David's polling here is incredible and deserves way more attention. A majority of all voters, including 50% of Trump voters, are now in favor of publicly-funded job creation and healthcare to protect workers against AI-related job loss.
David Shor@davidshor

Even among Trump voters, helping workers who lose jobs to AI beats giving tech companies incentives to keep innovating 50% to 24%. Overall it's 58-20.

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Julie Margetta Morgan
Julie Margetta Morgan@jmargetta·
This is a great video on Trump's giveaways to the credit card industry. @TCFdotorg's report out today with @BorrowerJustice shows that Trump's failed promise on capping interest rates is costing cardholders $368 million every day! tcf.org/content/report…
Robert Reich@RBReich

Trump promised a cap on credit card rates. Instead, he delivered a giveaway to credit card companies at your expense. Former CFPB Director Rohit Chopra (@ChopraUSA) explains.

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More Perfect Union
More Perfect Union@MorePerfectUS·
A new analysis shows that Americans owe more than $1 trillion in credit card debt – more than any other point in history. 🧵
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Julie Margetta Morgan
Julie Margetta Morgan@jmargetta·
This new report from @TCFdotorg and @BorrowerJustice isn't only about cost of living in America. It's about an economy where our leaders think they only the top 10% need to thrive in order to keep the economy strong. Everyone else becomes fodder for big bank profit margins
The Century Foundation@TCFdotorg

NEW 📺: This morning, we released a new report with @BorrowerJustice on the shocking amount of credit card debt American families have incurred just trying to make ends meet and the way interest rates are lining the pockets of credit card bankers. More from @GMA 🔽

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Protect Borrowers
Protect Borrowers@BorrowerJustice·
We're obsessed with our policy director @AissaRCanchola...and now @TheTodayShow is too.🤩🤩🤩 MOHELA should be held accountable for deceiving student loan borrowers and pushing them further into debt to turn a profit. CALLED OUT.
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Angela Hanks
Angela Hanks@AngelaHanks·
Over the past few days, we’ve seen a number of tax proposals in the Senate to try to address the affordability crisis Americans are facing by cutting federal income taxes. These conversations are important to have but I worry we’re looking for answers in the wrong places 🧵
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Keşfet

@BorrowerJustice @jennzhang_ @millennial_debt @Edi_Nilaj @coulterjones @NBuhayar @CarterD @GennaContino